The following balance sheet was prepared for ABC Partnership, whose partner's share net income and losses in the ratio of 2:1:2 respectively: Cash $ 60,000 Liabilities $ 70,000 Other assets 160,000 Abe, Capital 50,000 Ben, Capital 50,000 Cher, Capital 50,000 Totals $220,000 $220,000 ==== The partners liquidate the partnership in 2 stages. In the 1st stage, half the other assets are sold for $70,000 and half the liabilities are paid in full. In the 2nd stage, the remaining other assets are sold for $65,000 and the remaining liabilities are paid in full. Prepare a worksheet to compute the amount of cash paid to each partner at each stage of liquidation. You must prepare a safe payment schedule for the 1st stage of liquidation. Show all computations.